Prahladrai Dalmia Lions College of Commerce & Economics

• The IoT Mega Trend •

Written By: Mr. Viraj Mane (S.Y.BSc.I.T)

"As the number of networked devices and sensors will increase, due to IoT, they will create an ever-growing, unparalleled flow of data, contributing to boundless imaginations and infinite opportunities."
- Prof. Ameeta Rawool

Ready or not, the Internet of Things is taking over the world. Every day, more and more objects have some sort of network connection: from coffee makers to security cameras, from air quality sensors to connected cars, there isn’t a single area of our life that won’t be affected by IoT devices in the next decade.

In fact, technology giant Ericsson predicts that in 2018, there will be more IoT gadgets than mobile devices.

This brings us to the fact as to what exactly ‘Internet Of Things’ is?

Internet of Things (IoT) refers to devices or objects that are connected to the Internet, like your smartwatch, Fitbit, or even your refrigerator. These devices are able to collect and transfer data via the Internet, contributing to our big “DATA” world.

The ‘Internet of Things’ is HERE and there’s no stopping to it. To exhibit how fast this sector is mounting and what a bang it will have on our lives and industries, I’ve rounded up 10 of the most mind-blowing IoT numbers and stats that prove that this ‘TREND’ is here and here to stay.


If statistics are to be believed

1. 87% of the people , have not heard of the term, ‘Internet of Things’.

2. ATMs are considered some of the first ‘IoT’ devices, and went online as far back as 1974.

3. Back in 2008, there were already more objects connected to the Internet than people.

4. This year in 2018, we will have 4.9 billion connected things due to IoT.

5. Experts predict that by 2020, the number of Internet-connected things will reach or even exceed 50 billion.

6. In 2016, because of IoT, over 1.4 billion smart phones were shipped and by 2020 we will have a staggering 6.1 billion Smartphone users.

7. The IoT will connect many of the devices we have in our homes, from smart Air Conditioners to smart Referigators and Smart Televisions.

8. Due to the vast spreading trend of IoT , Google bought smart thermostat maker, for $3.2 billion, and Samsung purchased connected home company SmartThings for $200 million.

9. By 2020, a million vehicles will be connected to the Internet, giving us completely new possibilities for automated driving.


The near future, billions of pieces of equipment will be connected to one another – everything from the yogurt container, that reminds you to eat its contents, to the smart city, where data is collected and analyzed in real time, so that traffic flows better.

The term "Internet of Things" (IoT) was coined by the British technology pioneer Kevin Ashton in 1999. His definition has not changed since then. According to him, the Internet has been almost completely reliant on humans for its supply of information. But in the near future, things will be able to input data themselves.

Millions and billions of Networked Objects, isn’t it?

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